Hewlett-Packard CEO Meg Whitman has once again affirmed the company's commitment to its embattled Autonomy software division, stressing that HP's fiscal health is stronger than recent developments may have suggested.
Autonomy founder Mike Lynch has created a new website where he will apparently keep a running stockpile of his responses to Hewlett-Packard's allegations of accounting fraud at the vendor.
News of weak server sales, continuing turmoil at Hewlett-Packard and the ongoing U.S. political impasse over the so-called "fiscal cliff" have not given tech industry watchers much to cheer about this week.
Hewlett-Packard is planning to "aggressively" seek recompense for alleged accounting fraud related to the acquisition of its Autonomy unit, which resulted in the vendor taking a non-cash impairment charge of US$8.8 billion.
Hewlett-Packard is taking an $US8.8 billion charge as a result of what it called serious accounting improprieties that occurred at UK software company, Autonomy, before it acquired the firm in 2011.
Though U.S. political leaders managed to spark some good news for the economy Friday, technology stocks are down for the week, showing a continued lack of confidence in the sector.
Dell on Thursday reported a sharp drop in revenue and profits for the third quarter as the weak PC market continued to weigh on its results.
The U.S. and China are likely to resolve the conflict over potential security threats from Huawei Technologies' network equipment without a trade war, Cisco Systems chairman and CEO John Chambers said on Tuesday.
Cisco Systems posted higher revenue and profit in its fiscal first quarter despite weak orders in Europe, as results in the U.S. were strong, the networking company reported on Tuesday.
Lenovo's net profit for the fiscal second quarter increased by only 13 per cent year-over-year, marking a shift from the high profit growth the company has previously seen.
Alcatel-Lucent reported a third-quarter loss and declining gross margins, as its cost-cutting program failed to keep up with declining sales of its network equipment and related services.
Wipro said Friday its IT services business grew only 4.6 percent in U.S. dollar terms in the quarter ending Sept. 30, a much slower rate of growth reflecting a weak global economy.
Sony on Thursday cut its global sales targets for key products including its PlayStation handheld consoles and TVs, but held to its goal of returning to profitability this year.
Japan's Softbank, which announced a US$20 billion deal to acquire U.S. mobile operator Sprint Nextel earlier this month, said it booked a record operating profit in its fiscal first half.
Japan's Panasonic said Wednesday it will end its brief return to the European smartphone market, pulling out less than a year after launching its first handset outside of Japan since 2005.
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GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.